The Marijuana Vaporizer Market by revenue is expected to grow at a CAGR of over 16.7% during the forecast period 2020–2027 and is poised to reach US$ 19.8 billion in terms of Value.
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Global Marijuana Vaporizer Market: Trends and Dynamics
Marijuana Vaporizer Market growth is expected to boost increasing market conditions and development across countries during the forecast period, 2020-2027. The market is expected to see notable growth over the forecast period, i.e. from 2020 to 2027. The sector is divided across Europe, North America, Asia and the Rest of the World on the regional basis. Moreover, we have further sub-segmented these geographies into their countries. All segments and sub-segments are covered in this report, along with the market size of all the segments and sub-segments along with market size and volume analyzing the average selling price (ASP) as well. Both qualitative and quantitative analysis have been provided across all the type, application and geography segments focusing particularly on market prospects, current aspects and business models. This study would help the manufacturers understand the current scenario as well as the future prospect of the market towards a particular product or services.
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By Market Players:
Aphria
Grizzly Guru
Etain
Chart Industries
The Nug
FGB Natural Products
Innokin
By Type
Chargeable Type
Battery Type
By Application
Personal Use
Medical Application
Others
Global Marijuana Vaporizer Market: Market Segmentation
The segments in the market report are also discussed with key figures and these figures would be beneficial to the retailers, customers and business personnel of this industry. The segments covered are by type, application, end-use and geography in the report. These core classifications are further bifurcated into their respective sub-segments. Asia Pacific, North America, the Rest of the World and Europe are included in the geographical portion. Furthermore, under the scope of the report, the key countries holding the potential for this market have also been covered.
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Global Marijuana Vaporizer Market: Prominent Players
Some of the key players in the market are competing hard among themselves in order to acquire the major chunk of the market. The primary strategies adopted by the key players of the market include strategic collaborations and new product development in order to enhance their footprint in the global market. The market players are focusing on developing new and innovative products to gain the substantial share in the market. Enhancement in their product offering would give the companies a leading edge over the other players in the market. Better understanding of the consumers would also help the customer to better enhance, diversify or launch a new product in their product line.
Global Marijuana Vaporizer Market: Regional Coverage
Asia Pacific in the last 10 years has emerged as the leading player in the market for different industries across the globe. The huge customer base, rising disposable income excluding the impact of COVID -19 and large manufacturing base are some of the key factors that have boosted the growth of the market. China, India, South Korea and Taiwan has emerged as the pioneering countries across this particular region. Europe and North America have also seen tremendous growth during rising economy and premier customer base. Along with these region, Argentina and Brazil in South & central America and Africa has seen tremendous technological advancement and product availability in the last few years.
The major regions and the countries covered under the scope of the study are:
• North America – US, Mexico, Canada
• Europe – Russia, Ukraine, France, Spain, Sweden, Norway, Germany, Finland, Poland, Italy, United Kingdom, Greece, Austria, Denmark, Switzerland, Netherlands, Belgium, Turkey, Luxembourg
• Asia-Pacific – China, Japan, India, Australia, South Korea, Taiwan, Malaysia, Philippines, Thailand, Singapore
• South America- Brazil, Argentina, Peru, Chile
• Middle East and Africa – Bahrain, Egypt, Israel, Kuwait, Qatar, Saudi Arabia, United Arab Emirates, South Africa
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COVID-19 Impact would be less in later half of 2021
The effect of COVID -19can be seen in many sectors and even the economy has felt the slow down due to this pandemic. This pandemic has impacted the market negatively in the year 2020 and the impact is expected to be seen even in 2021. The market as per Decisive Markets Insights is expected to pick up the normal trend from later half of 2021.
Key Indicators of the Report
• Supply and Demand side mapping have been done to understand the market
• Market has been understood from3600perspective
• Impact analysis of market dynamics have been also analyzed in the report
• Strategies to be Adopted by the Market Players
• Price trend analysis from the product side has been covered
• Value chain analysis, Porters and SWOT analysis
• Market share of key players
Some added Key Points of the Report:
Porter’s Five Analysis, SWOT Analysis,PEST Analysis, Market Attractiveness Analysis, and Value Chain Analysis, are some of the added key points mentioned under the scope of the report.
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